As China's economy has continued its remarkable expansion and gained an increasingly important role in the global economy, China's currency, the renminbi (RMB), has also captured growing attention from investors and policymakers around the world. This article, I briefly discuss three significant issues concerning the renminbi -- namely, the near-term direction of the exchange rate, the renminbi's convertibility in the medium term, and the currency's international role down the road in the future.
The Role of the Renminbi in the World Economy Fred Hu As Chin
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